Online takeaway food market

Online Takeaway Food Market, by Service Type (Restaurant-controlled, Independent, Food Cooperatives, and Mobile Apps), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

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Mar 2020
CMI2639
120 Pages
Excel & Pdf
Food and Beverages

Summary

Online Takeaway Food Market- 2017-2027

Definition of Market/Industry:

Online takeaway food market is gaining traction due to increasing disposable income and increasing women employment, among others. Moreover, online takeaway food is segmented into various service types such as restaurant-controlled, independent, food cooperatives, and mobile apps.

Statistics:

The online takeaway food market was valued at US$ 9.21 Bn in 2018, and is expected to reach US$ 29.94 Bn by the end of 2027, exhibiting a CAGR of 14.0% during the forecast period (2019 to 2027).

Drivers:

Online food services make ordering process easier and convenient, maintains cost transparency including price along with other taxes to be charged, and monitor expenses incurring in real-time. These services allows customers to order through mobile app and explore various options of food without the intervention of service providers. The online food delivery service providers include Zomato, Swiggy, Uber Eats, Foodpanda, Deliveroo, and others.

Currently, healthier menus are considered to be one of the significant strategies that are adopted in the global online takeaway food market to gain profit. For instance, companies such as Grain, an online restaurant and catering service provider in Singapore, offers healthy buffet in its menu.

Statistics:

Figure 1. Global Online Takeaway Food Market Share (%), By Region, 2018

Market Restraints

However, government regulations on online food delivery has increased for providing safe and hygienic food delivery. For instance, in 2018, the Food Safety and Standards Authority of India (FSSAI) stated that the licenses and registrations of up to 40% of the restaurants listed by online food delivery platforms were not verified despite instructions, which is expected to restrain growth of the online takeaway food market over the forecast period.

Market Opportunities

Key players are focusing on new technology development in the online takeaway food to gain market opportunity in the online food delivery services at global level.

For instance, in 2017, Just Eat plc. introduced restaurant technology ‘Orderpad’. This is a platform that enables restaurant partners to receive their Just Eats order, helps in managing its online presence, and communicate with customers regarding their order status. It also offers restaurant with order management and driver tracking functionality. In same year the company continued the international rollout of Orderpad in the UK, Canada, Denmark, Ireland, Italy and Spain.

Market Trends/Key Takeaways

Rising disposable income and increasing women work force is expected to boost the global online takeaway food market growth during the forecast period. For instance, according to the World Bank data, in 2012, the female labor workforce was 38.92% of the total labor force, which increased and reached 39.09% in 2017. This is further expected to increase during the forecast period, which will have a positive impact on the demand for online takeaway food.

Figure 2. Global Online Takeaway Food Market Share (%), By Service Type, 2018

Based on service type, online takeaway food market is segmented into restaurant-controlled, independent, food cooperatives, and mobile apps. In 2018, food cooperatives segment accounted for 5.0% of the revenue share.

Competitive Section:

Company Names

Recent Developments

Just Eat plc.

In 2017, Just Eat plc. acquired Hungryhouse Holdings Limited share capital from Delivery Hero SE, a Europe based multinational online food delivery service. With this acquisition, Just Eat plc. aimed to become leader in the online takeaway food delivery market in Europe. Hungryhouse also supplies a food ordering marketplace in the U.K. The company focuses on business expansion.
In January 2018, the company acquired iFood.com Agência de Online S.A., in order to expand its business in Brazil. iFood.com Agência de Restaurantes Online S.A. operates an online food delivery portal in Brazil. This acquisition helped Just Eat plc. to strengthen its position in market.

Zomato

In January 2020, Zomato acquired Indian operations of Uber Eats, a food delivery business by Uber for around US$ 350 million. This will help Zomato in expanding its customer base and thereby gain a significant market share in India online takeaway food market during the forecast period.

Table of Content

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Online takeaway food market

Online Takeaway Food Market- 2017-2027

Table of Contents

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